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Tuesday , 28 February 2017
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Category Archives: Business-News

Philips teams up with German startup Onelife Health to expand its digital health services in mother and child care

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Amsterdam, the Netherlands, and Hamburg, Germany – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a partnership agreement with German digital health company Onelife Health to jointly develop innovative connected health solutions around mother and child care. Leveraging synergies between the portfolios of the two companies in this important area of consumer health, the partnership ... Read More »

Intex Technologies Appoints Mr. S P Subramanian as AVP – Sales (Mobile)

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February, 2017: In line with the Company’s continued effort to strengthen and professionalise its management for achieving accelerated growth and business excellence, Intex Technologies, one of the leading consumer electronics major, has appointed Mr. S P Subramanian as Assistant Vice President – Sales (Mobile) to further strengthen its mobile business. In his new role, Mr. S. P. Subramanian will be handling ... Read More »

Snapdeal can downsize 50-60% of workforce; 100% pay cut for founders

Struggling with falling revenue, Snapdeal has announced that there are likely to be large scale lay-offs in the company. The founders Kunal Bahl and Rohit Bansal have made their intentions clear by taking a 100% pay cut. The founders also acknowledged that there were some errors in strategy, which led to the company’s diminishing fortunes. The lay-offs are an attempt ... Read More »

TCS announces Rs 16,000 crore share buyback

Aiming to return surplus cash to shareholders, TCS today announced the buyback of Rs 16,000 crore worth of shares. The TCS board has taken a decision to buyback up to 5.61 crore shares at the price of Rs 2,850 per share. This amounts to 2.85 percent of its share capital. The decision has been taken at a time when there ... Read More »

Acronis India Forms Distributor Partnership with Inflow Technologies to Meet the Growing Need for Data Protection in India

Serving the India region, Inflow Technologies will bolster Acronis’ presence in the country, supporting channel partners and customers in providing access to the most innovative and complete backup, storage, file sync & share, and disaster recovery solutions. Mumbai, India — Acronis India—a division of KMI Business Technologies—is proud to announce a new partnership agreement with an Indian technology distributor, Inflow ... Read More »

Lubrizol and Finolex Industries Limited Join Hands to Process

FlowGuard® Branded CPVC Pipes and Fittings in India CLEVELAND and Pune INDIA, February 15, 2017 – The Lubrizol Corporation, inventors and the largest manufacturers of CPVC compound worldwide, and Finolex Industries Limited, the leading  PVC pipes and fittings manufacturer in India, today announce the signing of,  FlowGuard® Processor agreement for the manufacturing and sale of Finolex FlowGuard®Plus pipes and fittings in India. The product ... Read More »

Softbank reports $350 million loss from investment in Snapdeal and Ola

While success stories of India’s e-commerce startups continue to make news, there’s also the flip side, wherein some of these startups have been registering massive losses. In one such case, Japanese telecom and internet giant Softbank has reported that it has lost close to $350 million from its investments in Snapdeal and Ola. The losses are applicable for the nine ... Read More »

10 things to know when raising a Series A funding

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Be Series A Ready    If you are looking to raise a Series A, it might be a good idea to get familiar with what venture funds looks for to ascertain if your company is Series A ready. Promising unit economics, revenue, proof of business model, systems ready to support efficient scaling, product/market fit, customer acquisition strategy and success, quality ... Read More »

Bitcoin Exposed – Why Bitcoin is a potential high-level scam?

Ok, so you have heard about Bitcoin and may already be trying to earn some of these. So, how far did you get? Well, quite unlikely that you made any significant progress, since the Bitcoin thing is nothing but a potentially high-level scam. But, there’s a long Wiki page on Bitcoin, you say, so how could it be a scam? ... Read More »

HDFC Bank announces steep hikes in fees on cash transactions

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Aiming to discourage cash transactions, HDFC Bank has announced steep hikes in fees on cash transactions. These would be applicable from March 1 and would apply to salary and savings account holders. Third-party cash transactions have now been limited to Rs 25,000 per day; free cash transactions at branches have been reduced to four from five earlier and fee on ... Read More »

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